https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/260210-scp-nicu-guidance.pdf
Why we like Magna Mining Inc
1. Explorer turned copper producer with blue sky +37ktpa CuEq potential in <5 years
2. Quality asset base with potential for step-change exploration upside/discovery
3. Savvy management team strategically growing company with accretive acquisitions
4. Tier-1/globally significant Cu-Ni-PGE sulphide district near hungry mills/smelters
5. Best in class Sudbury based technical team (formerly FNX Mining)
Catalysts
• CY26: McCreedy West quarterly production
• CY26: Levack surface / UG exploration drilling
• 1Q26: McCreedy LOM, maiden reserves
• 3Q26: Crean Hill PFS, Levack PEA
Hoyle Pond1
S Zone: High-grade intersections confirm potential to extend zone to depth, to the east and west2
TVZ: Encouraging results from infill drilling north of main target zone3
Owl Creek: New drilling 3 km west of Hoyle Pond confirms and expands mineralization between surface and 650 m level3
Borden1
Main Zone: Drilling extends mineralization to the east and northeast2
Pamour1
Current Pit: Drilling continues to return excellent results within and along strike of current resources in all three phases of pit design3
Broulan Pit: Positive results from drilling at new Broulan target, ~1.5 km southwest of Pamour3
Dome1
Multiple zones of mineralization identified at Dome within and outside current resources3
The Hod Maden project is 100% owned by Artmin, a company jointly-owned by SSR Mining, Lidya Mines, and Royal Gold, Inc. (“Royal Gold”). As per the 2023 Transaction structure, SSR Mining will earn-in to own up to 40% of the project through earn-in payments totaling $120 million, and will also make an additional $30 million in milestone payments to Lidya Mines. Following the completion of the earn-in, Artmin will be 40% owned by SSR Mining, 30% owned by Royal Gold, and 30% owned by Lidya Mines. SSR Mining currently owns 10% of the Project and serves as sole operator.
